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John McEleney Named CEO of SolidWorks CorporationFormer COO now leads the company as Jon Hirschtick, founder and CEO, assumes a new role as group executive and continues as member of the board of directors (November 14, 2001)
Bernard Charlès, president of DS commented, "John McEleney's impressive track record as COO positions him as a logical choice for the CEO position. Jon Hirschtick's remarkable accomplishment of leading the mid-range mechanical design software market will continue to contribute to the group's expansion. DS continues to successfully evolve the careers of its key managers, putting the right people into the right roles to continue to manage the rapid growth and success of our companies at all phases of their development. Our ambitious goal is to see SolidWorks reach one million users and make 3D accessible to all. With these new roles, the SolidWorks team is optimally positioned to achieve this milestone."
Hirschtick, 39, founded SolidWorks in 1993 to develop computer-aided design (CAD) software powerful enough for complex design engineering processes, but inexpensive and simple enough to run on desktop computers. Hirschtick is handing over a company largely untouched by the recession, with strong financials and a customer base of more than 160,000 users. SolidWorks is the leading provider of Windows-based 3D CAD, and has since grown into one of the three biggest CAD software developers with more than $100 million expected in 2001 revenues. The company is coming off a strong Q3 '01 in which it grew 29 percent (31 percent in Euros). New users accounted for 70 percent of the company's revenues last quarter. DS bought SolidWorks in 1997, and has since maintained it as an autonomous unit. DS will continue to leverage the company's autonomy, to create a highly focused multi-brand group, with dedicated channels for each market segment.
Related Keywords:SolidWorks, CAD
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